MANGALURU: Investments worth over Rs 2,50,000 crore in thermal sector projects (based on domestic coal, imported coal and gas) are facing stress, and immediate remedial measures need to be undertaken to ensure that they are revived in a time-bound manner, noted a recent ASSOCHAM-Grant Thornton joint study. The study also noted that the country’s power sector has been one of the highly str...
The state power sector which has been making a steady progress towards improving its finances is likely to be burdened with the costly power from solar plants and the power purchase agreements signed with the independent solar power producers (ISPPs) in the state. A windfall brought in by sale of surplus power had helped the Punjab State Power Corporation Limited (PSPCL) bring...
Exactly a decade-and-a-half has passed since the ‘landmark’ legislation meant to transform the power sector was brought in. The grand objective of the well-intentioned Electricity Act, 2003 was the creation of a free market for power in which energy companies have the freedom to generate power from anywhere in the country and sell to any consumer at prices determined by the market, and th...
New Delhi: Fulfilling another poll promise, chief minister Bhupesh Baghel announced the reduction of electricity bills of all domestic consumers for consumption up to 400 units. A provision of Rs 400 crore was made in this regard. “A consumer would get an automated 50% reduction in electricity bill for consumption up to 400 units,” the chief minister said while presenting the budget in Vidhan Sabha on ...
The gilets jaunes (yellow vests) movement in France started last year in response to rising taxes on petrol and diesel, which were proposed by the government in a bid to reduce the dependence on fossil fuels and promote renewables. Petrol and diesel affect a large section of the population in France that resides outside of its major cities. Similarly, Bharat Bandh was organised in September 2018 by t...
HYDERABAD: This year is a Golden Jubilee year in power sector for TS Transco and Genco chairman and managing director Devulapalli Prabhakar Rao and it coincides with Chief Minister K Chandrasekhar Rao’s efforts for the Golden Telangana. The role of power sector, in realising the Golden Telangana, is very crucial. However, Prabhakar Rao did not let down the Chief Minister. The p...
The Union Cabinet chaired by Prime Minister Narendra Modi has been approved the Proposal of Ministry of Power to allocate 85% power to the Government of Telangana generated from Telangana Super Thermal Power Project (4000MW) of NTPC Ltd. and 85% power from expansion project of Patratu Thermal Power Station (4000MW) of Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary company of NTPC Lt...
India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators. Concerned over delayed payments to generators, the federal power ministry has formed a panel to examine if distribution companies should pay generators in advance for electricity purchases, according to a power ministry document reviewed by Bloomberg....
Central Public Sector Undertaking NTPC has threatened to ‘regulate’ power supply to Telangana, Karnataka, Andhra Pradesh from February 9 due to payment delays. In separate notices posted on NTPC’s website, the power generator said the three southern states have not paid bills totalling ? 4,138.39 crore for over two months now. The dues include payments for power supply from thermal and ...
New Delhi: India proposes to move to the global practice of selling entire powergeneration through spot market to lower tariffs, promote efficient plants and withstand periodical aberrations that benefit a few plants. It is also expected to ensure that power plants with low tariffs do not get into ‘stressed assets‘ category in future even without power purchase contracts with st...